NexPoint Residential Trust(NXRT) - 2019 Q4 - Earnings Call Presentation

Financial Performance Highlights - Net income attributable to common stockholders for the full year 2019 was $9914 million, compared to a net loss of $(1609) million in 2018[6] - Total revenues for the full year 2019 were $181066 million, compared to $146597 million in 2018, representing a 235% increase[12] - Same Store NOI increased 67% for the full year 2019, reaching $65961 million compared to $61795 million in 2018[6, 12] - For the fourth quarter of 2019, total revenues were $497 million, compared to $394 million for the fourth quarter of 2018[8] - Q4 Same Store NOI increased 93% to $18818 million, compared to $17214 million for the fourth quarter of 2018[8] Portfolio and Operational Metrics - The weighted average effective monthly rent per unit across all 40 properties was $1103, with physical occupancy at 942% as of December 31, 2019[6] - Average effective rent for Same Store properties increased 36% year-over-year, while occupancy decreased by 30 bps[6] - The company completed 2516 full and partial upgrades in 2019, achieving an average monthly rent premium of $106 and a 253% ROI[6] - During 2019, the company issued approximately 16 million shares through its ATM program, generating approximately $720 million in gross proceeds[6] Acquisitions and Dispositions - During the three months ended December 31, 2019, the company acquired three properties in Las Vegas, NV for approximately $2410 million[6] - The company is forecasting dispositions of Willow Grove, Woodbridge, and Southpoint Reserve at Stoney Creek in 2020[28] 2020 Guidance - The company anticipates net income between approximately $193 million and $226 million for the full year of 2020[31] - The company projects Same Store rental income growth between 48% and 58%, and Same Store NOI growth between 50% and 70% for the full year 2020[28]